ECO 104: Introduction to Macroeconomics
Section 2 & 17
Full marks: 10
Time of Submission: Just A week After Assigning, at the end of the class time.
Person to be submitted to :ME
Answer all the questions. The parenthesis carries the credit for each question.
1) Take a look at the data and find out the following things:
|Year||Price of an orange||Quantity of oranges sold (millions)||Price of an Egg||Quantity of eggs sold (millions)|
a) Find out the GDP deflator using 2000 as the base year and find out the implication. (3)
b) Take the basket of 2002 and find out the CPI and Inflation rate. State the implications. (3)
2) What is the similarity and dissimilarity between the GDP Deflator and CPI? (4)